Market activity on the Trinidad & Tobago Stock Exchange, resulted in 6 stocks advancing, 3 declining and 9 unchanged, but this positive move belies a deeper problem awaiting a market, that continues to struggle within a sick economy.
The Composite Index gained 1.30 points to 1,289.94, the All T&T Index rose 1.52 points to 1,756.40 and the Cross Listed Index added 1.52 points to close at 111.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer while indicating weaknesses in the market with 3 stocks with bids higher than last selling prices and 5 with lower offers does not tell the full story of the weakness in the market. The deeper problem is the large variance between some of the stocks offered for sale compared to the last price the stock traded at. West Indian Tobacco is set to make a big negative dent in the market index when next it traded as it is offered at $5 lower than the last price it traded at, with 1,796 shares offered at $116. The closest bid to buy is at $106.25 for only 16 shares. National Enterprises offer is 20 cents lower than the last trade. Calypso Macro Fund is offer for 90 cents less than the last trade, at $21.04 and Mora Ven Holdings
This graph tell the story that Unilever shares are set for a steep fall going forward.
is offered at $1.49 below the last trade at $14.49. Unilever Caribbean is also very weak with 40,863 shares offered for sale at $38.75 but buyers are down at $35 for just 310 units. Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year and is now priced at a PE ratio of 64 times earnings, the clearest indication of a huge fall in the price to come.
At the close of trading the number of securities trading climbed to 18 on Thursday compared to 15 on Wednesday, leading to 458,073 shares trading at a value of $5,509,500 compared to Wednesday’s trades of 350,612 valued at $4,377,442.
Gains| At the close of market activities, Ansa McAL traded 20,500 shares valued at $1,292,100 and gained 8 cents, to close at $63.03, Clico Investment traded 20 cents higher, closing at $21.20 with 87,039 shares valued at $1,831,429, Massy Holdings ended at $49.50, gaining 1 cent with 11,979 shares valued at $592,958. National Flour Mills closed at $1.99, rising 4 cents while trading 6,000 shares, Scotiabank advanced 40 cents to $58.50 trading 1,000 units and Trinidad Cement rose 5 cents, and settled at $4 exchanging 49,601 shares.
Losses| Trading ended as, JMMB Group traded with a loss of 2 cents, and closed at $2.07 exchanging 188,500 shares valued at $395,789, Point Lisas lost 1 cent to close at $3.95 with 500 units and Prestige Holdings was down 1 cent to $10.75 trading 9,075 shares.
Firm Trades| The last traded prices of securities closing unchanged are Angostura Holdings that closed at $15.05 with trades of 7,541 shares, Ansa Merchant Bank exchanging 3,020 shares at $40, Grace Kennedy trading 14,778 shares at $2.95. Guardian Holdings remained at $15 with 1,204 units, One Caribbean Media closed at $14 with 350 units, Republic Financial Holdings ended at $101.76 with 81 units. Sagicor Financial traded 10,000 shares at $8, Trinidad & Tobago NGL closed at $23.49 exchanging 19,958 shares valued at $468,779 and L.J. Williams 8% preference share exchanged 42 units at $3.30.
Prices remained under pressure on the Trinidad & Tobago Stock Exchange, Friday. Trading activity resulted in 17 securities changing hands compared to 18 on Thursday and declining stocks had the upper-hand over advancers by a 3 to 1 margin. 
West Indian Tobacco closed at $126.48, with a loss of 1 cent trading 1,257 shares.
Losses| Ansa Merchant Bank lost 2 cents to close at $40 trading 1,764 shares, First Caribbean International Bank closed 9 cents lower to $8.85, with trades of 7,939 units and Point Lisas closed at $3.50, for a loss of 15 cents with 8,369 units changing owners.
Trading on the Trinidad & Tobago Stock Exchange on Friday saw 11 securities changing hands compared to 16 on Thursday. Unilever Caribbean reaped a $1.25 gain to rise to $58.25 trading 4,260 units. 
Grace Kennedy fell 1 cent to $2.63 trading 300 shares and Trinidad & Tobago NGL closed at $22.65, losing 35 cents with an exchange of 1,000 units.
Praetorian Property lost 5 cents to close at $2.85 with trades of 1,352 shares and Readymix closed at a 52 weeks low of $10.80, after losing 20 cents trading 1,500 units.
Firm Trades| Grace Kennedy closed at $2.67 with 5,700 units changing hands, Republic Financial Holdings, with an exchange of 63 shares, closed at $108.43. Sagicor Financial held firm at $8.10 with 20,952 units being traded, Scotia Investments was unchanged at $2.10 with trades of 18,051 units, Scotiabank exchanged a mere 25 units to close at $58.75, L.J. Williams exchanged 5,400 shares, closing at 66 cents and West Indian Tobacco closed at $127.02 with 200 shares changing hands.
Losses| Berger Paints closed down 1 cent to $4.05 with 800 units traded, Clico Investment lost 1 cent to close at $22.51 after trading 3,777 shares, Massy Holdings dropped 30 cents, falling to $51.10 with trades of 14,243 valued at $727,818 and Republic Financial Holdings closed at $107.98, losing 21 cents with 46 units being exchanged. Scotiabank lost 5 cents to $58.70 trading 4,909 shares, Trinidad Cement fell 35 cents to $4.15, while exchanging 5,000 shares and Unilever Caribbean closed at $58.50 after sustaining a fall of $1.33 with 154 units changing hands.
a 52 weeks’ high of $7.73 with 800 shares changing hands, Scotiabank gained 7 cents in trading 8,737 shares at $58.85 and Trinidad Cement traded 10,220 units with a rise of 10 cents to close at a 52 weeks’ high of $4.35.
traded 3,502 units at $12.52, after rising by a cent and Sagicor Financial Corporation gained 2 cents on the trading of 4,088 shares to close at $7.66 to be the sole stock rising.
Trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in only 9 securities changing hands compared to 7 on Monday. Market activity ended with only 1 stock that advanced, 4 declined and 4 held firm with 107,398 units being traded at a value of $1,567,701 compared to Monday’s 140,454 shares valued at $1,002,987. 
owners, LJ Williams lost 1 cent in closing at 66 cents with 39,168 shares changing hands. Trinidad & Tobago NGL fell 24 cents to close at $21.25 with 2,123 shares changing ownership and West Indian Tobacco lost 5 cents to end at $126.90 with 10,000 units changing hands.
